NYT > DealBook
A Citigroup analyst left a lump of coal for Och-Ziff Capital Management, the hedge fund that went public last month. The analyst, Prashant Bhatia, began covering the fund with a “hold” rating, writing in his research note that Och-Ziff might be facing headwinds for the forseeable future. For Mr. Bhatia — who acknowledges that his firm [...]
NYT > DealBook
William Ackman may have taken a hit with his investment in Target, but it appears he’s raising his bets on the retailer. His Pershing Square Capital Management has boosted its stake to 10 percent from 9.6 percent, the hedge fund said in a regulatory filing Monday. Mr. Ackman, who previously took on McDonald’s and Ceridian, has [...]